Comments by "Paul Aiello" (@paul1979uk2000) on "Why The Middle East Won't Survive Without Oil" video.

  1. Things are probably more urgent for these countries to change with the high price of energy at the moment and the war in Ukraine, which is shifting a lot of focus around the world and especially in Europe about clean energy sources. In other words, it's very likely that a lot of countries are going to push a lot more aggressively on producing more energy by renewable means and especially in EU countries where energy is becoming a security risk and the longer and higher energy price stay high, the worse it's going to be for fossil producing nations because it's very likely going to speed up the process of change to renewable energy. It's going to be interesting to see the energy mix around the world and especially in the EU over the next decade because I suspect we're going to get some big changes and all because a mad man in Moscow got political with using energy as a weapon which is very likely going to push a lot of countries to want to produce more energy internally for energy security reasons, that's really bad news for the fossil industry because it could wipe out a decade or more of that industry which is worth trillions per year, I don't think many realize what Putin has done here and why it's great news for green energy and bad news for the fossil industry long term. Anyway, my advice to those countries that sell oil, gas and coal and a lot of the economy depends on that resource, they better diversify and fast because Putin has woken up the world and especially the Europeans that big change needs to happen and the irony is, the fossil producing nations needs to stabilize the market and lower prices fast because a lot of the world is getting angry at these high prices which is fuelling massive change in favour of the renewable energy sector, in other words, we could be changing to a cleaner future a lot sooner than it would have been before the war in Ukraine.
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